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A spanner in the works: Operators brace for tough conditions as imports dominate the market

Competition from low price imports and non-metal substitute products has severely constrained the Fabricated Metal Product Manufacturing industry's performance over the past five years. Local manufacturers have found it increasingly difficult to match the prices of imports from foreign companies that operate with lower wage and overhead costs and have greater economies of scale. Domestic demand for fabricated metal products is expected to decline over the five years through 2018-19, reflecting the industry's loss of market share to imports. Imports are projected to capture an estimated 65.2% of domestic demand in 2018-19, up from 56.4% in 2013-14...read more.

Industry Report - Industry Locations Chapter

The geographic spread of industry enterprises closely corresponds to the distribution of Australia's population and economic activity. The three biggest states in terms of population, New South Wales, Victoria and Queensland, account for 79.2% of total industry enterprises, which broadly corresponds with their share of the national population (77.7%). This trend reflects the importance of these states in terms of construction, engineering and manufacturing activity.New South Wales accounts for 31.9% of industry enterprises, which matches the state's share of the national population (32.0%). New South Wales is traditionally home to much of the nation's rolled steel production and has many steel fabricating firms...purchase to read more.

IBISWorld has determined the most important Key Success Factors for the Fabricated Metal Product Manufacturing are:

Economies of scale

Establishment of brand names

Ability to alter goods and services produced in favour of market conditions

IBISWorld analysts also discuss how external factors such as Demand from building construction and Demand from industrial machinery manufacturing in the Fabricated Metal Product Manufacturing industry impact industry performance..

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“The industry analysis available in IBISWorld has been a staple in our information resources for the past several years. The consistent reporting, from industry to industry, helps with our ability to compare industry performance and outlooks.”

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- Rothstein Kass

- Applied Marketing

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“IBISWorld is a valuable resource for assisting us in current market trends in various client environments.”

“I like providing ‘best of’ professional service and your reports certainly help me do that.”

“IBISWorld grants access to abundant information on industries which we have credit exposure in allowing for a quick and easy source for trends, key issues, risks, opportunities, competitive environment and overviews, all of which is updated frequently and presented in consistent formats.”

- BB&T

“Synovus... has incorporated the use of third-party trade and market data to gain insight into the performance and cash needs of its customers. For instance, it studies market reports from more than 700 industries by research company IBISWorld to better determine loan opportunities.”

- Synovus Financial Corporation

“Just wanted to let you know that our students really love IBISWorld. I cannot tell you how many times it was the only place to pull up data on small industries and the Risk Rating is wonderful.”

- Rice University

“Since TradingPartners started working with IBISWorld, we have been able to build upon our category knowledge providing a deeper dive into all the interrelated factors that affect each market, especially regarding global impacts to the US market.”

- TradingPartners

“IBISWorld is an extremely powerful resource for audit planning from a risk perspective (SAS 104-111), client closing interviews to demonstrate industry knowledge as a trusted advisor, and client prospecting for understanding the industry to help win new accounts.”

- Rothstein Kass

“The industry analysis available in IBISWorld has been a staple in our information resources for the past several years. The consistent reporting, from industry to industry, helps with our ability to compare industry performance and outlooks.”

- Applied Marketing

“We have utilized IBISWorld industry reports for several areas within our testing at [Client name withheld for privacy]. Whether it be the testing of goodwill/intangible revenue projections or testing the actual revenues for the current year, we have found IBISWorld to be of great use.”

- Deloitte

“IBISWorld is a valuable resource for assisting us in current market trends in various client environments.”

- Marshall & Stevens

“I like providing ‘best of’ professional service and your reports certainly help me do that.”

IBISWorld’s Fabricated Metal Product Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

An assessment of the competitive landscape and market shares for major companies

And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fabricated Metal Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.